Mediation is typically a fast, easy, and inexpensive alternative to litigation. In mediation, a neutral third-party assist the disputants in negotiating a mutually acceptable settlement. Mediators do not render decisions but help to facilitate the parties to the dispute to come to their own agreement by clarifying issues, utilizing persuasion and other conflict resolution strategies. Although there is not a guarantee that the dispute will be resolved, surveys reveal that settlements are reached over 80% of the time.
Talk with your broker and/or REALTOR® before you initiate mediation proceedings. The decision to initiate mediation should be made only after all attempts to negotiate an acceptable solution have been exhausted.
The Anchorage Board of REALTORS® provides mediation services only to REALTOR® members or their clients. One of the two parties involved in mediation must be or have been represented by a REALTOR®.